With the signs of Argentine economy deregulation that favor the Business climatehe Mining sector Recognize that you prepare to take a quantitative leap from the numerous projects what they have Different degree of progressamong which are particularly referred to lithium, copper and gold.
Currently exist in our country, 311 mining projects In different stages of evolution: 24 already in production, 8 under construction, 10 in feasibility stage, 8 in pre-faactibility, 11 in economic evaluation, 68 in advanced exploration, 128 in initial exploration and 55 in prospecting.
A relevant aspect of the sector, in addition to its Impact on the general economy And in particular of the provinces in which it operates, it is the Currency generationcriticism for the improvement of the country’s current account.
For 2024 mining exports reached U $ 4,647 millionthe third best historical brand for the country. In a complementary way, public and private reports project that mining exports could reach U $ S19,000 million by 2033 and that world lithium demand would increase eight times by 2035.
It is certainly a Great moment for mining in Argentinawhich opens a window of opportunities, but extremely challenging considering a Complex, dynamic and volatile world scenario where other investment options appear daily.
In this context, it is clear that investments in sustainable technologies are increasing and are part of the great challenge to achieve greater efficiency, cost reduction and lower environmental impact, to cope with the growing demands, both in regulatory matters and by the community approach of the sectors that provide the so -called social permission to operate.
Recently ABB, a company of Swedish-Suzizo origin with more than 140 years of experience which is strongly linked to the value chain of the mining industry through integrated solutions that cover electrification, automation and digitalization, published its global report “Mining’s Moment” which highlights the advances and sector expectations.
The study is based on a survey conducted 412 leaders and experts in the 18 countries and provides significant data on the vision of leaders. The result reveals that the sector shows confidence in achieving its sustainability objectives supported in the application of available decarbonization technologies.
This is how 77 % of respondents consider that Integrated electrification, automation and implementation of digital technologies are the key areas through which sustainability objectives can be achieved. Another significant fact is that 81 % are focused on evolving or transforming their operations towards a more sustainable model.
In parallel, electrification is emerging as one of the fundamental pillars to achieve substantial advances in reducing emissions to the environment. So much so that 91 % of business leaders believe that electrification is essential or play a fundamental role
One of the conclusions of the report is that, by focusing on investment in people, technology and processes, mining companies can continue to advance towards the fulfillment of its sustainability objectives.
The mining sector comes adopting strategic measures to move towards a higher standard of sustainability, trusting in innovation pillars such as electrification, digitalization and automation.
Although challenges persist such as the lack of development of specialized talent and operational risksthe industry is committed to the transformation and continuous improvement through a strong commitment in the investment of innovative solutions.
Mining Business Line Manager, ABB Argentina
Source: Ambito
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